Monday, July 11, 2011
Governance, Risk Management, and Compliance or GRC
Governance, Risk Management, and Compliance or GRC is term coined to determine organization's approach across these three areas.Governance, risk and compliance activities are necessarily being integrated and should be aligned,in order to avoid conflicts.For each industry it's interpretation is different,However GRC conventionally controls activities such as corporate governance, enterprise risk management (ERM) and corporate compliance with Existing laws and regulations.
What does Governance stands for?
Governance :The approach of Management through which senior executives direct and control by using a combination of management information and hierarchical management control structures. It ensure that important management information transcends through the hierarchy to the field force/bottom line in such a way that is complete, accurate and timely.Which supports in management decision making, and enhances the control over strategies, directions and instructions.
What does Risk Management stands for?
Risk management:To realize organization's Business objective by analyzing ,identifying, and responding at appropriate time to the anticipated risk by the management. This response to risks depends on the intensity of problem,which means controlling, avoiding, accepting or transferring it to the concerned client.In a typical organization the risk could be(e.g. technological, commercial/financial, information security,Legal and Regulatory etc.).
What Does Compliance stand for?
Compliance: is identifying and conforming the requirement.It is achieved by management processes through focusing on(laws, regulations, contracts, strategies and policies).It assess the present condition of compliance,risks, which involves the costs of non-compliance against the projected expenses to achieve compliance.
So the main focus of GRC is to add business value through improving operational decision making and strategic planning.
Governance, Risk, and Compliance or "GRC" is an integrated approach of organization to approach the above mentioned areas of their business.It is essential for smooth function of organization so it is recognized and excepted by Pharmaceutical companies now a days.
GRC for Pharmaceutical companies must look into Three aspects:
1]A enterprise-wide framework for managing all GRC-related processes issues problems
2]Single integrated window technology platform automation.
3]Record keeping, and reporting.
For more information please contact the author.
Pathan Naveed
9890146190.
Wednesday, July 6, 2011
My friend is visiting Washington DC This is to help him
Capital city of the Great Nation America is the perfect way to fun ,The perfect family vacation. A vibrant, historic city. Absolutely awesome! . There are certain Insider tips which will be helpful to a first time visitor, seasoned visitor will also find it helpful.
How to Reach
First of all, the best way to get here is by plane,There are many Airlines , you can go by Air france their routes is
Mumbai to Washington Dulles International Airport (IAD)
Mumbai to Baltimore International Airport (BWI)
Mumbai to Ronald Reagan National Airport (DCA)
1-stop (20h00m)
Washington (IAD)
2-stop (25h05m)
Paris (CDG), Atlanta (ATL)
2-stop (25h05m)
Paris (CDG), New York(JFK)
The distance between Mumbai and Washington, D.C. is some 12879 km.
Time difference between Mumbai & Washington, D.C.
It is 9 hours 30 minutes to 10 hours 30 minutes earlier in Washington, D.C. (USA) than in Mumbai (India).
[Refer:http://www.mumbai.me/Washington/Mumbai-Washington-flights.php]
once you reach there, the next important question is
Where To Stay
Next, where to stay.
Foggy Bottom at the Washington Circle Hotel is a nice place to be. The hotel is next to the Georgia Washington University Medical Center,here Siren are common, but this is the city after all. The noise level is minimal from inside the hotel.
Columbia Heights and Capital Hill are also great spots to stay. Both are safe and quiet.
Before you book your hotel, make sure there's a Metro subway station within easy walking distance. A nearby Metro stop is a definite #1 on your hotel requirement list.
The next thing will hit on stomach where to eat and what to eat?
Where To Eat
There's no doubt, you have plenty of choices in DC for eating out, any kind of food ranging from way expensive to family friendly. Below is a list of easy on the wallet!
Mon Sherie Deli in Georgetown - By far the best Reuben sandwich, Great sandwiches, burgers and fries. It looks like a little hole in the wall, but you won't be disappointed.
Capital Q in Chinatown - You can take the Metro to Chinatown and have an abundance of restaurants to choose from. Capital Q has great barbecue sandwiches and ribs with a long list of side dishes to choose from. Great prices, too!
Booeymonger - Breakfast, Lunch and Dinner 7 days a week. Great food and even better prices. There are several locations around town. Check 'em out at booeymonger.com.
Shopping around town is easy. Take the Metro to Columbia Heights and you'll find Target (including a grocery section), Marshalls, Radio Shack, Best Buy. Also, CVS Pharmacy is all over the city. Also, if you need a grocery store, Safeway has several locations in the city, but also delivery. You can shop on-line and have it delivered to your door.
There's so much to see here, you could wander museums and monuments for days. It's a good idea to make yourself a daily agenda. List out all the sites you want to see and break them down in a daily schedule. Use the Washington DC Metro website to plan your outings at wmata.com. The Rider Tools section is a huge help in getting around town.
Here's Your Checklist
If you're thinking of visiting DC, go ahead and plan your trip. You'll have a blast! Here's your checklist to make your trip smooth and enjoyable.
1. Don't forget your comfortable walking shoes! By the way, those ready to use heat wraps from the pharmacy sure feel good after a long day of sightseeing!
2. Make sure your hotel is an easy walk to the Metro subway.
3. Leave the car at home! Save yourself the parking money, and probably a headache, too.[Parking for the car is $25 a day, and in this busy city, parking is extremely limited, and expensive when you can find it, so the Metro subway and/or bus is the way to go. You can reach any of the monuments, museums, and all areas of the city by the Metro train. Well, that and a lot of walking! You can fly into Reagan National Airport, hop on the Metro and be quickly transported anywhere in the city. Pack light with rolling luggage and backpacks to make the Metro ride easier.]
4. Plan your daily agenda. You'll see and do more without feeling like you're walking in circles.
A List of Must Sees:
The National Mall and Memorial Parks
The National Mall and Memorial Parks in Washington, DC.
United States Holocaust Memorial Museum
International Spy Museum
Arlington National Cemetery
Smithsonian Museums
Most important :
Buy Street Guide for Visiting Washington, DC.
Three cheers for your Trip to Washington DC.
If you need some more helpful information do contact me back.
Thank you.
Naveed Pathan
Thursday, December 2, 2010
Indian Pharmaceutical Industry
Indian Pharmaceutical Industry
By Pathan Naveed call 9890146190, email:pathan_naveed@yahoo.com
India -3rd Largest Producer of Pharmaceuticals around the globe is already a US$ 8.2 Billion pharmaceutical market. The Indian pharmaceutical industry is further expected to grow by 10% in the year 2010.
India’s Pharmaceutical sector has seen a unprecedented change, much of is due to the introduction of Product Patents introduced on January1,2005, earlier it was a process patent which had helped Indian pharmaceutical industry to grab huge success as a worldwide exporter of high quality generic drugs. Post gate era has opened new avenues for the Pharmaceutical multinationals to return many of which had left India during 1970s. Now they are looking not only for its traditional Contract Manufacturing but also as a highly attractive place for research and development [R&D], especially in the conduct of clinical Trials and other services, presents an opportunity worth 48$billion .Developing and innovative new drug from discovery to worldwide marketing involves investments of around $1billion, and the global industry’s profitability is under attack as costs continue to increase and price come under pressure due to different factors like recession, India offers a excellent hub for manufacturing as costs are almost 50% lowest then in Western Nations, R&D costs are about one-eighth and clinical trial expenses one-tenth ,India also offers a large , well-educated, English speaking workforce , with 700,000 scientists and engineers graduating every year ,including 122,000 chemists and chemical engineers with 1,500PhDs.
The main opportunities for Indian Pharmaceutical industry are in the areas of
Generics.
Biotechnology.
Outsourcing[Contract manufacturing, India's Other Advantages
• Low-cost skill base
• Current Good Manufacturing Practice (cGMP) and U.S. FDA compliance levels
• High visibility in generics
• High-quality, compliant manufacturing
• Strong financial position with ability to scale up
• Manufacturing capacity
• Access to new technologies
• Cost efficiency and track record
• Industry position
• Recognition of product patents]
Both Indian Multinationals and Foreign Multinationals are targeting one billion inhabitants who lead more western-style lives, and are demanding innovative drugs to treat the chronic illnesses that these changing lifestyles may produce. These domestic players most of them are working as a Indian MNC’s are utilizing both organic growth and Mergers and acquisitions [M&A}, Partnerships will be key for Indian Companies Development to tape the untapped market. The most prime aspect of the growth depends on government as to increase the access to medicine, DPCO is not the answer for the essential drugs as it is already the lowest in the world; The solution lies in pro active measure like Public Private Partnerships and encouragement of R&D , easy access to Conduct of Clinical Research, Industry –academia Collaboration and an grant system.
India currently represents U.S $6 billion of the $550 billion global Pharmaceutical Industry and its share will increase at 10 percent a year compare to 7% global market overall. Indian sector represents just 8% of total industry volume and its drug exports are growing 30% annually. The organized sector consists of 300 companies which account for 70% Products of the market with the top ten companies represents 30%. However the total sector is nearly 20,000 pharmaceutical units which are extremely small and 75%demand for medicines is met by these local manufactures.
Over the counter medicines [OTCs] are worth about $940 million and is growing 20%/annum or double the rate of Prescription Medicine. The government is keen to spread the OTC outlets other than Pharmacies and the now has launched an Initiative called “Janaushadi” run by central government, the government has also been advised to sell medicine in Post offices by Organization of Pharmaceutical producers of India.
By
Pathan Naveed[B.pahrmacy, B.J.m.S]
Corporate consultant
The Health International.
Friday, April 23, 2010
Indian Muslims Economic condition.
The Constitution of India, drafted by Dr. B.R. Ambedkar, guarantees fundamental rights to all communities of India. Article 15(1) says, 'The State shall not discriminate against any citizen on grounds only religion, race, caste, sex, place of birth or any of them."
After independence those who choose to stay back in India thinking it is their own motherland of opportunities were proved wrong later by the test of time, since the inception of AZADI Muslims had been a targeted community of discrimination by the ruling community, they had been discriminated not only in education but also economically as well as politically. It should be noted that every government that came in power claimed the welfare of Muslims, which they never did.
Before moving further let us understand that, Muslims has to improve on two front
1-Education
2- Economy
Both the above heads are interlinked with each other, if one wants to educate his children’s he has to be economically strong and if he can not educate them than he is loosing the chance of earning, share of jobs in government sector as well as private sector, so in my opinion educational backwardness is equal to economical backwardness.
Before marching ahead we should understand that Indian Muslims should not be treated as uniform society and community. They have sectarian, regional, caste and cultural differences Even in matters like literacy, family planning and economic development, there are regional and caste differences.
it should be noted that Muslims in Kerala are more educated and economically strong then the other parts of Indian Muslims same applies for the Ansari Muslims in eastern up as they are economically powerful than there other counterparts in the same region, the sub communities among Muslims like Ansaris , Qureshis, Baghbans have made economic progress but lack the education this situation is vice a versa with the upper caste Muslims. Similarly the other communities who claimed to be Muslims like the Bohras, Khojas and Memons of Gujrat have made more progress than common Muslims. So regional, sectarian and caste differences should be taken into account while talking about the economic condition of Muslims in India. Now every government has tried to study the problems faced by Muslims in India.
Lets have a look
Governments stand:
A Minority Commission was established in 1978, and in 1980 a committee was formed under the chairmanship of Dr V A Syed Mohammad. This Committee submitted its 119 page Report on June 14, 1983. This Report discussed the condition of minorities as well as other backward sections of our society. Dr Gopal Singh Committee made a recommendation that was never taken seriously. Again in 1995, the Minority Commission on its own collected substantial amount of data and information that reflected the fact that the condition of Muslims was quite deplorable and their representation in jobs much disproportionate to their population in various states. Again in 1996, a 12-member strong Sub-Committee of the Planning Commission observed that, “the representation of minorities, especially Muslims, in the states and at the central level is disproportionate to their proportion and to correct the imbalance till now no specific action has been taken.”
Again in May 2005, the Prime Minister Man Mohan Singh had formed a high-powered committee under the chairmanship of Justice Rajinder Sachhar, to assess the socio-economic –political condition of Indian Muslims.
According to the census of 2001
Muslims are 13.43% of total population
State wise:
Uttar Pradesh (31 million),
West Bengal (20 million),
Bihar (14 million),
Maharashtra (10 million),
Kerala (8 million),
Andhra Pradesh (7 million)
Jammu & Kashmir (7 million) and Lakshadweep, Muslims are in majority.
As I mentioned earlier economic backwardness is equal to educational backwardness so now the literacy rate among Muslims in various states.
National literacy rate is 64.8 per cent
Among Muslims this rate is 59.1 per cent.
In Uttar Pradesh [47.8 per cent]
Bihar [42 per cent]
Assam [48.4 per cent]
West Bengal [57.5 per cent]
Jammu and Kashmir [47.3 per cent]
Literacy rates among Muslim women stand at 21.5 per cent in Haryana, 42.7 percent in Jharkhand and 40.3 per cent in Uttaranchal. Among all states and union territories, Haryana has the lowest literacy rate among Muslim women.
As we all know that Justice Sachhar has tabled his recommendations according to his findings: Muslims percentage in government jobs is far below as compare to their population percentage following table shows that
Institutions | Reported Number of Employees | Reported Number of Muslim Employees | Muslims as % of Reported Employees |
State Level Departments | 4452851 | 278385 | 6.3 |
Railways | 1418747 | 64066 | 4.5 |
Banks & RBI | 680833 | 15030 | 2.2 |
Security Agencies (CRPF, CISF, BSF, SSB and Others) | 1879138 | 60517 | 3.2 |
Postal Service | 275841 | 13759 | 5.0 |
Universities (129 Universities and 84 Colleges) | 137263 | 6416 | 4.7 |
All Reported Government Employment (Excluding PSUs) | 8844669 | 438173 | 4.9 |
Central PSUs (154 PSUs) | 687512 | 22387 | 3.3 |
State PSUs | 745271 | 80661 | 10.8 |
Total | 1432783 | 103048 | 7.2 |
States | Muslims in Total population (%) | Muslim Representation in Govt jobs (%) | Muslim Representation in PSU jobs (%) | |
|
|
| Higher posts | Lower posts |
Assam | 30.9 | 11.2 | No information | No information |
West Bengal | 25.2 | 4.2 | 0 | 1.4 |
Kerala | 24.7 | 10.4 | 9.5 | 11.1 |
Uttar Pradesh | 18.5 | 5.4 | 6.2 | 5.3 |
Bihar | 16.5 | 7.6 | 8.6 | 6.4 |
Jharkhand | 13.8 | 6.7 | No information | No information |
Karnataka | 12.2 | 8.5 | 8.6 | 9.9 |
Delhi | 11.7 | 3.2 | 2.1 | 5.6 |
Maharashtra | 10.6 | 4.4 | 1.9 | 1.1 |
Andhra Pradesh | 9.2 | 8.8 | No information | No information |
Gujarat | 9.1 | 5.4 | 8.5 | 16.0 |
Tamilnadu | 5.6 | 3.2 | 3.2 | 2.6 |
Total | 15.4 | 6.4 | 3.2 | 2.6 |
Representation of Muslims is only 3 per cent in IAS, 1.8 per cent in IFS and 4 per cent in IPS.
Sachhar committee recommendations:
Justice sacchar recommendations mainly has two parts of suggestions
1] Initiatives by State governments.
2] Role-played by Muslim leadership and common man.
State Initiatives:
State on it s part being a sovereign body has to collect data on social economic educational and political conditions, such information need to be quantitative comparative and qualitative and freely available. On the basis of collected true data state has to devise policy for the development of areas of minorities on the basis of population and sufficient funds should be floated. While doing so equal participation from the local people should be taken and their religious and emotional sentiments should be considered, we all will agree to the importance of financial support for running of developmental program so state also properly maintain the wakf and durgha properties and their earnings by taking necessary actions.
Role-played by Muslim leadership.
Muslim intellectuals think tanks and highly literate people should take this initiative to study the basic problems and devise their solutions by conveying it to the government, at the same time they have to set up Non governmental organization some time funded by state and self funded, they also have to take Madarsa education system into mainstream so as to reach to grass root level.
My point of view for economic policy :
India will be a super power by 2020 as per the vision of former president Dr. A.P.J. Abdul kalam,
To increase the share of Muslim community on Knowledge level the education system should be made flexible for Muslims.
India is growing but its share is not reaching specially Muslims, interestingly In Muslim community those who are getting share are low caste Muslims like gardener, butcher, weaver, craders bangle makers and Baghbans. As they get it by the fundamental requirement of community not by the state support.
Most of the Muslim population is urban or semi urban here state should come ahead to establish different technical institutes for skill development, once the skilled manpower comes out the state should provide jobs or if it is not possible for the state than it should impart entrepreneurship training later supported by bank loans, now it’s a state responsibility to take guarantee of Aspirant entrepreneur’s financial liabilities as they are not credit-worthy.
Special minority zones should be set up as like special economic zones for Muslim craftsman and artisans they should be imparted import and export training, and they should be provided marketing support to sell their product.
Government has set up Minority ministry its funds allocations should be increased to achieve the set targets, various other financial institutions may be formed in each state according to skill set like in Malegaon power loom operators financial corporation can be established the establishment will ask 90 funds from government and 10 percent will be generated by power loom operators only.
To increase the percentage of Muslims in government jobs the policy should be made flexible at least for the class three and four category and they can be directly placed.
One more option could be to ease out job burden on government is to allow Muslims to build operate the academic institutions like pharmacy, engineering, medical, and other courses and it should be mandatory for them to take at least 50% Muslim employees.
Muslims should be allowed to open Banks “Minority Banks” or Islamic banks under the Reserve bank of India guidelines this will help Muslim investor to deposit in interest free economy and will make enough funds available for the development on profit-loss basis.
Zakat funds should be collected by Muslims NGOs and to be utilized by Muslims only.
State should maintain wakf properties and invest its earnings into development.
Each year government supports in hajj pilgrimage by way of subsidy, now subsidy should be there and it should be gradually lower down by simultaneously motivating Hajj aspirants to invest there savings in Hajj board which should be set up and governed by state with Muslims intellectuals this will give enormous extra fund to government to utilize for benefit of Muslim community.
Reservation should be given; it is a right for Muslims.
According to Muslim population the seats for Member of Parliament and member of legislative assembly should be reserved to increase the political voice.
Special officers should be appointed to safeguard community interest in state and central government and union territories.
It is always said that doers are achievers so need is to come ahead and implement and execute the policies.
Now the curtain is falling on us.
Sunday, January 10, 2010
Hi
i am back after some business, you guys would be able to read a lot now on varied topics.
Saturday, November 29, 2008
Salute to Indian Faith
On 26th November some unidentified foreigners attacked Mumbai to its length and width, killings many precious life and many super cops and super heroes. Though it was a horrible nightmare which has taken 60 hours to complete but the way India and people of India has responded to it , makes one believe in the unshaken confidence and unity in diversity of India. My heart cries for the innocent life who lost. My heart cries for the life of soldiers. But at the End it is just the Beginning. I salute to Indian faith and Indianans. Proud to Be Indian. |